Key Takeaways
- Tether holds over 100,000 BTC and seeks greater network security through mining.
- CEO Paolo Ardoino claims Tether will become the biggest bitcoin miner by the end of 2025.
- Tether has invested more than $2 billion in mining and energy infrastructure across 15 sites since 2023.
Tether CEO Paolo Ardoino announced the company’s intention to become the world’s largest bitcoin miner by the end of 2025, citing its significant bitcoin reserves as a driving force behind this strategic move.
Speaking on The Block’s Big Brain podcast, Ardoino explained that Tether’s mining efforts are designed to protect its investment of over 100,000 BTC—valued at more than $10 billion—by contributing directly to the security of the bitcoin network.
Ardoino stated:
“Given the exposure that we have to bitcoin, it’s important to be part of the security of the network. Realistically, by the end of this year, Tether will become the biggest bitcoin miner out there.”
$13 billion profit
The stablecoin issuer generated an estimated $13 billion in profit in 2024 and has invested over $2 billion in energy production and mining infrastructure since 2023.
Tether’s operations now span 15 sites across Uruguay, Paraguay, and El Salvador, including new substations and renewable energy projects.
Despite the ambitious goal, Tether has not publicly disclosed its current bitcoin mining hashrate, making independent assessment challenging.
For comparison, top public miners such as Marathon Digital (MARA), CleanSpark, and Riot Platforms currently operate between 19 and 57 exahashes per second, with bitcoin’s total network hashrate estimated at around 810 EH/s.
Vision
Ardoino described mining as part of a broader vision for “stable energy,” one of four pillars Tether sees as foundational for societal resilience—alongside stable money, communication, and intelligence.
